A cocktail containing gin and dry vermouth sounds like a variation on the classic martini, but martinis generally don't have bitters as an ingredient, unless you've a very sweet tooth. The recipe you give sounds close to an Attention Cocktail.
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Writing in 1951, American cocktail expert Patrick Gavin Duffy gave the recipe for an Attention Cocktail as follows:
1/4 French Vermouth, 1/4 Absinthe, 1/4 Gin, 1/4 Creme de Violette, 2 dashes of Orange Bitters. Stir well with cracked ice and strain.
A modern variation:
1 1/2 oz Gin, 3/4 oz Dry Vermouth, 1/4 oz Violet Liqueur, 2 dashes absinthe, 2 dashes Orange Bitters.
Duffy's recipe for a Sweet Martini:
2/3 Gin, 1/3 Italian Vermouth, 2 dashes Gum Syrup, 1 dash Orange Bitters. Stir well with ice, strain and serve with a cherry.
Here's a few more gin-based cocktails to try: